Saudi AZM for Communication and Information Technology Co. Announces the Board of Directors issued a decision to reconstitute the Audit Committee
| Element List | Explanation |
|---|---|
| Introduction | Saudi AZM for Communications and Information Technology Co. announces the issuance of the Board of Directors' decision dated 09/10/1445 AH corresponding to 18/04/2024 AD to terminate the current Audit Committee's term due to its imminent ending.
The new term shall commence from the date of this decision and end on 21/06/2026 AD, coinciding with the conclusion of the current Board term, and the Audit Committee shall be reconstituted as follows:
Committee members before restructuring: 1- Abdulrahman Ibrahim Alhadlaq (Chairman) 2- Yazid Ibrahim Alabdul Karim (Member) 3- Muhammad Amin Merah (Member)
Committee members after reconstitution: 1- Abdulrahman Ibrahim Aladlaq (Chairman) 2- Omar Fahad Alsunidi (Member) 3- Muhammad Amin Merah (Member) |
| Element List | Explanation |
|---|---|
| Appointed Member Name | Abdulrahman Ibrahim Alhadlaq |
| Membership Start Date | 2024-04-18 Corresponding to 1445-10-09 |
| Brief Resume of the Appointed Member | Mr. Abdulrahman Ibrahim Alhadlaq is currently a CEO Asas Makin Real Estate Development and Investment Company, and Chairman of the Board of Directors in CodeReal Estate Company, and Member of the Board of Directors in Hayat Cleaning Company, and Member of the Board of Directors in Nasaj Company and Chairman of the Audit Committee in Nofoth Holding Company and Chairman of the Audit Committee in Hayat Cleaning Company
and Chairman of the Nominations and Remuneration Committee in Nasaj Company, He has previously served on the CEO Sadr Logistics Services Company, and CEO Abdul Rahman Al-Shaalan Sons Company. Mr. Abdulrahman Ibrahim Alhadlaq has a Bachelor’s degree in Accounting, and Master of Business Administration. |
| The date of the approval by other official authorities | do not apply |
| Element List | Explanation |
|---|---|
| Appointed Member Name | Omar Fahad Alsunidi |
| Membership Start Date | 2024-04-18 Corresponding to 1445-10-09 |
| Brief Resume of the Appointed Member | Mr. Omar Fahad Alsunidi boasts an extensive professional background in governance and the financial sector. He previously held the position of Director of Corporate Governance at the Capital Market Authority.
He currently holds the position of Director of Legal and Governance and Committee affairs. Mr. Alsunidi holds a master’s degree in finance. Additionally, he has earned a bachelor’s degree in accounting. Moreover, he has achieved a bachelor’s degree in law, In addition to obtaining he has obtained a myriad of professional certifications, fortifying his standing within the industry. Mr. Omar is considered one of the distinguished national scientific competencies in his field of specialization, and he has pioneering contributions in the fields of the financial sector and its governance. |
| The date of the approval by other official authorities | do not apply |
| Element List | Explanation |
|---|---|
| Appointed Member Name | Muhammad Amin Merah |
| Membership Start Date | 2024-04-18 Corresponding to 1445-10-09 |
| Brief Resume of the Appointed Member | Mr. Muhammad Amin Marah is currently a CEO of Mine Business Development Company, and Member of the Board of Directors in Aseel Financial Company, and Member of the Finance Committee in Fakhr Investment Holding Company, and Member of the Finance Committee in AZM Financial Technology Company, and He also holds several memberships in boards of directors and committees in other organizations.
He has previously served on the Director in Aramis Consulting Company, and Chartered accountant in Price water house Coopers Company and Deloitte Company Mr. Muhammad Amin Marah has a Bachelor’s degree in Accounting. |
| The date of the approval by other official authorities | do not apply |
| Element List | Explanation |
|---|---|
| Date of Board Meeting in which Appointed New Member(s) were Appointed | 2024-04-18 Corresponding to 1445-10-09 |
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